California Real Estate Fraud Report

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3 Men Sent to Prison in Santa Maria Mortgage Fraud Scheme

According to a press release from the FBI, three men who thought they could get away with mortgage fraud didn’t and are now on their way to prison, thanks to the Santa Maria Resident Agency of the Federal Bureau of Investigation.

Brian Armet, 36, who owned and operated Custom House Home Loans (CHHL), a Santa Maria real estate mortgage company, pleaded guilty in July 2001 to conspiracy to defraud lenders and was sentenced to one year and one day in prison.

Rigoberto Hernandez, 37, and Julio Tamayo, 42, both from Santa Maria pleaded guilty to mortgage fraud charges and were sentenced to eight months and six months in prison respectively.

The three men must pay $2.4 million in restitution to the lenders they defrauded, per United States District Judge John F. Walter, who also sentenced them. The lending institutions were Homecoming Financial, Freddie Mac, Bank of America, and Carrington Mortgage Company.

© Copyright 2007-2018 Monique Bryher

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

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